Keep asking READ UP. Phony accuser in 1st big SOX trial gets 5 years, CEO goes free on 32 innocent counts. This is to be a BIG TIME court case trial for micro cap Mexus CEO. Who ARE these silly people?
"Dontcha think your CEO should disclose to his investors when he is selling shares? Or giving himself piles of new shares?
Dontcha think he should obey the law?
I realize that is a foreign concept in pennyland, but when a CEO admits to not following the law in a filing, doesn't that endanger the company?
To our knowledge, based solely on review of the copies of such reports furnished to us for the period ended March 31, 2019, the Section 16(a) reports required to be filed by our executive officers, directors and greater-than-10% stockholders etc"
Ex-HealthSouth CFO gets 5 years in jail
William Owens, prosecution witness in Scrushy case, get stiffest penalty out of whistle blowers.
December 9, 2005: 4:39 PM EST
Special Report
full coverage
Spitzer brings fraud suit against H&R Block
HealthSouth settles suit for $445M
Former General Re, AIG execs plead not guilty
"BIRMINGHAM, Ala. (Reuters) - The MAIN WITNESS in the fraud case against the founder and former chief executive of HealthSouth Corp., was sentenced to five years in prison for his part in the $2.7 billion scheme Friday.
One-time chief financial officer of the rehabilitation and health services chain, William Owens, secretly recorded conversations for the FBI and testified for 11 days against his former boss Richard Scrushy. A FEDERAL JURY ACQUITTED acquitted Scrushy of all charges in June.
The Justice Department recommended that Owens, who is the last of the five former HealthSouth chief financial officers to be sentenced after pleading guilty to fraud, receive an 8-year sentence, according to the
…
Whistle-blowers are employees who raise questions of fraud or noncompliance with accounting or governmental regulations in the workplace. So that a serious and valid complaint doesn’t get glossed over and later return to cause major lawsuit trouble for the company, every whistle-blower complaint should be fully investigated and its disposition documented. Make sure that levels of review are afforded to complaints based upon their seriousness and credibility and that compliance with company policy is documented at every level to determine which complaints may have hidden merit."
Now an OLD case says SEC DOES prosecute faked whistle blowing. 5 long years worth. Auditors seem content with a small 10-k comment and NO more mention by them OR SEC. Few holes in serious crime severely prosecuted for last 4 years crying wolf?
